The New York Times reported this week that the country is looking to build the world's tallest building (3,645 feet) on a man made series of 41 islands in the Caspian Sea.

The building will dwarf the Burj Khalifa, with a 27 percent increase in height on the UAE building, and is expected to be bigger than any currently under construction.

Construction is due to begin in 2013, Arabian Business reports, with hopes that the tower will form the centerpiece for a new mixed-use district called "Kingdom City" 15 miles south of the Azerbaijan capital Baku.